J. M. Smucker (NYSE:SJM) Given New $121.00 Price Target at JPMorgan Chase & Co.

J. M. Smucker (NYSE:SJM) had its target price cut by JPMorgan Chase & Co. from $122.00 to $121.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on SJM. DA Davidson increased their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. UBS Group set a $117.00 price target on J. M. Smucker in a research note on Wednesday. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $116.79.

J. M. Smucker Trading Up 2.9%

NYSE SJM opened at $103.31 on Wednesday. J. M. Smucker has a one year low of $93.30 and a one year high of $121.48. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The firm has a market cap of $11.02 billion, a P/E ratio of -7.54, a P/E/G ratio of 6.97 and a beta of 0.24. The stock’s 50-day moving average is $105.76 and its 200-day moving average is $106.85.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Sell-side analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio is -32.09%.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC grew its holdings in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of J. M. Smucker in the first quarter valued at approximately $30,000. Nova Wealth Management Inc. acquired a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $25,000. AlphaQuest LLC bought a new stake in J. M. Smucker in the 2nd quarter valued at $26,000. Finally, Root Financial Partners LLC acquired a new stake in J. M. Smucker during the 3rd quarter valued at $29,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.